São Paulo, April 19th, 2016 - Springs Global Participações S.A.(Springs Global), the Americas largest company in bedding, tabletop and bath products, reported in the first quarter of 2016 (1Q16) growth of 9.9% in net revenue, which totaled R$ 602.6 million, and continued its course of margin expansion.

The highlights of Springs Globals performance in 1Q16 were:

Net revenue of R$ 602.6 million, 9.9% higher than the first quarter of 2015 (1Q15)

Gross margin of 26.3%, with a 1.3 percentage point (pp) expansion against 1Q15

EBITDA of R$ 63.5 million, with a year-over-year (yoy) increase of 35.4%

EBITDA margin of 10.5%, against 8.6% in 1Q15

Income from operations amounted to R$ 43.9 million, 65.7% higher yoy

Net result negatively impacted by the Brazilian real devaluation against the US dollar, which resulted in net exchange rate variation of R$ 14.4 million in 1Q16 and a variation of R$ 35.7 million yoy

EBITDA margin improvement in all business units

Rebalancing of the capital structure with a new credit line of up to US$ 63 million, to be paid in five years, in the North America - Wholesale business unit

Growth of 6.2% yoy in the average sell-out revenue per store in the business unit South America - Retail

Springs Global will host a conference call and webcast tomorrow, April 20th, 2016, at 2 pm São Paulo time, 1 pm New York time and 6 pm London time, in Portuguese with simultaneous translation to English.

Earnings conference call - 1Q16

Date: 04/20/2016 Time: 2 pm São Paulo time / 1 am New York time / 6 pm London time